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Caleres ( (CAL) ) has shared an announcement.
On June 27, 2025, Caleres, Inc. and its subsidiaries entered into a Seventh Amendment to their Credit Agreement with a group of lenders, extending the maturity date to June 27, 2030, and increasing the credit facility by $200 million to a total of $700 million. This amendment allows for potential further increases and includes changes to permit the acquisition of Stuart Weitzman, while also adjusting covenants and default conditions to ensure financial stability and operational flexibility.
The most recent analyst rating on (CAL) stock is a Hold with a $45.00 price target. To see the full list of analyst forecasts on Caleres stock, see the CAL Stock Forecast page.
Spark’s Take on CAL Stock
According to Spark, TipRanks’ AI Analyst, CAL is a Neutral.
Caleres’ overall stock score reflects its mixed financial performance and bearish technical indicators, offset by attractive valuation metrics. While the earnings call revealed challenges, strategic initiatives and market share gains provide some optimism. The low P/E ratio and dividend yield enhance its investment appeal.
To see Spark’s full report on CAL stock, click here.
More about Caleres
Average Trading Volume: 1,077,188
Technical Sentiment Signal: Sell
Current Market Cap: $446.5M
Learn more about CAL stock on TipRanks’ Stock Analysis page.